Enterprise Value to FCFF (EV/FCFF)
Free Cash Flow to The Firm (FCFF)
Ford Motor Co., FCFF calculation
US$ in millions
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
| Item | Description | The company |
|---|---|---|
| FCFF | Free cash flow to the firm is the cash flow available to the Ford Motor Co. suppliers of capital after all operating expenses have been paid and necessary investments in working and fixed capital have been made. | Ford Motor Co. FCFF decreased from 2021 to 2022 but then increased from 2022 to 2023 not reaching 2021 level. |
Interest Paid, Net of Tax
Ford Motor Co., interest paid, net of tax calculation
US$ in millions
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
2 2023 Calculation
Cash paid for interest, tax = Cash paid for interest × EITR
= 7,100 × 21.00% = 1,491
Enterprise Value to FCFF Ratio, Current
Ford Motor Co., current EV/FCFF calculation, comparison to benchmarks
| Selected Financial Data (US$ in millions) | |
| Enterprise value (EV) | 113,722) |
| Free cash flow to the firm (FCFF) | 12,291) |
| Valuation Ratio | |
| EV/FCFF | 9.25 |
| Benchmarks | |
| EV/FCFF, Competitors1 | |
| General Motors Co. | 10.41 |
| Tesla Inc. | 115.47 |
| EV/FCFF, Sector | |
| Automobiles & Components | 21.85 |
| EV/FCFF, Industry | |
| Consumer Discretionary | 32.77 |
Based on: 10-K (reporting date: 2023-12-31).
1 Click competitor name to see calculations.
If the company EV/FCFF is lower then the EV/FCFF of benchmark then company is relatively undervalued.
Otherwise, if the company EV/FCFF is higher then the EV/FCFF of benchmark then company is relatively overvalued.
Enterprise Value to FCFF Ratio, Historical
Ford Motor Co., historical EV/FCFF calculation, comparison to benchmarks
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Enterprise value (EV)1 | 113,523) | 108,841) | 127,975) | 115,238) | 99,999) | |
| Free cash flow to the firm (FCFF)2 | 12,291) | 3,129) | 13,273) | 22,319) | 14,036) | |
| Valuation Ratio | ||||||
| EV/FCFF3 | 9.24 | 34.79 | 9.64 | 5.16 | 7.12 | |
| Benchmarks | ||||||
| EV/FCFF, Competitors4 | ||||||
| General Motors Co. | 9.84 | 11.80 | 16.37 | 13.12 | 16.93 | |
| Tesla Inc. | 131.52 | 69.36 | 192.76 | 278.10 | 182.89 | |
| EV/FCFF, Sector | ||||||
| Automobiles & Components | 23.62 | 32.62 | 41.76 | 29.48 | 15.94 | |
| EV/FCFF, Industry | ||||||
| Consumer Discretionary | 32.37 | 55.70 | 66.77 | 52.40 | 31.02 | |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
3 2023 Calculation
EV/FCFF = EV ÷ FCFF
= 113,523 ÷ 12,291 = 9.24
4 Click competitor name to see calculations.
| Valuation ratio | Description | The company |
|---|---|---|
| EV/FCFF | Enterprise value to free cash flow to the firm is whole company valuation indicator. | Ford Motor Co. EV/FCFF ratio increased from 2021 to 2022 but then decreased significantly from 2022 to 2023. |